SINGAPORE — Knight Frank is very happy to provide two freehold properties in crucial areas in Singapore available by Expression of Interest (EOI). One is a fabulous, 2-storey detached home in District 10, although another is a strata retail store along Upper Thomson Road.
Located within the fantastic Class Bungalow region at Holland Park, a two-storey detached home with a cellar is currently up for sale at a guide price of S$17 million into S$18 million.
Based on REALIS, earnings of acquired possessions in Q2 2019 has likely by near 34.5percent quarter-on-quarter into 394 units, from 293 units in Q1 2019. That is even costs for landed homes remaining largely unchanged.
Ms Mary Sai, Executive Director, Investment and Capital Markets, Knight Frank Singapore, states,”The main source of these prime, landed homes down the street is constrained. Buyers searching for wealth preservation and strong capital appreciation over the future will come across properties like this attractive, given present economic uncertainties.”
Surrounded by lush greenery, the District 10 home includes a land area of 7,638 sq feet and total gross floor space of roughly 7,300 sq ft.
Built 3 decades back, the especial, architectural home was constructed with opulence and relaxation in mind. The next storey includes 7 bedrooms, 6 of which are en suite, and provides relaxing views of this indoor garden it overlooks.
Up in the green rooftop, solar panels and a fruit and vegetable garden occupy the huge space. In the cellar under, various amenities can be found — 8 carpark plenty with electric car charging points, 4 meeting rooms, an outdoor dining area, a helper bedroom, 2 toilets and a shower room. The whole inside of the home, for example, bathroom walls, was fitted with marble tiles and includes tempered glass sliding doors.
Other intriguing home features include an indoor garden with simulated brook, a koi pond, lap pool, jacuzzi, 9-metre large green walls, an automatic backyard irrigation system, along with in-built remote-controlled lighting, noise and fan systems, in addition to CCTV systems.
Located inside Thomson Imperial Court along Upper Thomson Road, the strata store has a huge floor plate of roughly 11,000 sq feet and is now tenanted as a grocery store.
Ms Sai shares,”Well-located supermarkets normally behave as great crowd pullers for shopping malls, and people which have the capacity for conversion into food or restaurant courts are actively desired by both shareholders and food operators”
Transactions of big strata retail spaces sized upwards of over 4,000 sq feet are few and far between, as owners of these large units have a tendency to partition them into smaller components to increase rental yields and also to maintain them for investment.
The final sizeable trade of a massive strata retail area was a food court unit in the cellar level of mixed-use growth City Gate, which had a 99-year leasehold tenure and strata floor region of 4,693 sq ft. In August 2014, it was subsequently sold for $16 million, translating to about S$3,409 per square foot (psf).